HEDLines – Archive

Grain prices fell throughout last year as part of the continued fall-out from the great rise that pushed prices very high again in 2012. It is unusual for grain prices to be quite as well-correlated as they have been in…

Here is an update to the turn schedule. It leaves a gap between the end of the last one in the December 23rd edition and the start of this one as there were no significant turns due in that period.…

The compressed condition in the New York stock exchange index may already be resolving in the direction of an upward break. We have warned from time-to-time that there is the possibility of a last ‘blow-off’ rally in US equities and…

We have been pointing out compressions in US equity indices at a daily scale for some time. Now we have seen a weekly-scale version, in the New York Stock Exchange Composite index. This is one of the bigger indices and…

There have been yet more compressions in US equity indices, as shown in this Dow industrials example: As usual, this means: Prices are balanced on a knife-edge and A new move will start soon but the direction is unknown We…

We have been reporting some compressions in various US equity indices lately and these seem to be breaking down today as we approach the close. Here is the Dow emini futures contract as an example. Sell short now, preferably S&P…

There was a daily-scale top extension in the Dow version of the French stock index yesterday: This makes us feel a bit better about selling some more Europe short. The arguments made in the January 26 edition (yesterday) about the…

Copper futures made two weekly-scale bottom extensions recently and daily-scale versions too at the lows of mid-January. Now that the lows have been re-tested, it is time to try a long position: * We have been waiting years for an…

There was a daily-scale top extension in US sugar futures yesterday. This is the first signal in that market since the bottom extension reported in the January 5th edition and means that all longs dating from that date should now…

There was a top extension in the MDax index yesterday. Prices of many European indices have risen in the past two weeks in expectation of some new monetary stimulus that may be announced by the European central bank tomorrow. Some…